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Snapdeal gets Rs113 crore from Nexus, founders in surprise funding

The move came as a surprise because Snapdeal is rumoured to be in advance stage talks with Flipkart for a merger. Snapdeal CEO Bahl and COO Bansal contributed Rs8.45 crore each, the documents show. Nexus Venture Partners, which has, till date, invested about $43-$45 million in Snapdeal, for about an 10% stake in the company, could potentially receive about $60 million, in lieu of its holding in the online marketplace, as a special payout.

Business

US Home Prices Rising 2 Times Faster Than Wages

The national home price index increased 5.8 percent in March, while analysts were expecting home prices to rise by 5.9 percent for the month, according to Thomson Reuters consensus estimates. Having ticked up 1.1 percent in February to an all-time high , the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area - which includes the East Bay, North Bay and Peninsula - gained another 1.0 percent in March and the index for area condos gained ...

Business

Husky Anticipates Better Fortunes with West White Rose Project

The project will have at least a 25-year lifespan, and deliver between $3 and $4 billion in economic benefits for the province in the form of royalties, taxes and equity payments. It will employ about 700 people at peak, he said. Maclean said the topsides will be built, as negotiated in 2013, in the Gulf of Mexico. "This is a much larger project today than was discussed in 2013", said Ball.

Business

New Re 1 notes to be circulated soon by RBI

The Reserve Bank of India (RBI) will soon put into circulation currency notes in Re 1 denomination, it was revealed today. Elaborating on the design of the note, the central bank said it will bear the signature of Economic Affairs Secretary Shaktikanta Das .

Business

Cisco Systems, Inc. (CSCO) Position Cut by Perkins Coie Trust Co

Sequoia Financial Advisors Llc sold 84,164 shares as Cisco Sys Inc ( CSCO)'s stock declined 7.50%. The Alexandria Capital Llc holds 61,402 shares with $1.86 million value, up from 1,000 last quarter. As per Thursday, August 18, the company rating was maintained by Citigroup. Barclays Capital has "Overweight" rating and $34 target. Since December 23, 2016, it had 1 insider purchase, and 8 insider sales for $22.41 million activity.

Business

Wehrlein to have scan after Monaco crash

The 2009 World Champion was back in action at this past weekend's Monaco Grand Prix, filling in for Fernando Alonso who was racing in the Indianapolis 500. "It was just scary that the brakes started to smoke and I couldn't get out of the auto where it was against the wall". "It was scary - the brakes started to smoke and I couldn't get out of the auto, and obviously the only thing I wanted to do was to get out of the vehicle when you see the vehicle start to smoke".

Business

Wehrlein: Button made 'a silly move' in Monaco crash

He was in 18th at the time, second-last out of those still in the race, but the duo had to yield to allow Sebastian Vettel lap them in his Ferrari . Asked if she was furious with Button, Kaltenborn told Autosport: "Yes, I am because I don't understand how it can come to that kind of situation".

Business

EV Energy Partners, L.P. (NASDAQ:EVEP) Reviewed By Analysts

It has outperformed by 103.20% the S&P500. Therefore 0 are positive. EV Energy had 20 analyst reports since August 11, 2015 according to SRatingsIntel. 2 funds opened positions while 4 raised stakes. 993.29 million shares or 0.55% less from 998.81 million shares in 2016Q3 were reported. 800 were accumulated by Walleye Trading Limited Com.

Business

Disruption To British Airways Flights Continues Monday

Amid United Airlines' dragging fiasco, mass cancellations at Delta Air Lines and US concerns about terrorists using laptops to down planes, the global aviation industry hardly needed another blow. Davy analyst Stephen Furlong said the cost to the carrier of cancelling one day of operations was around 30 million pounds. The excessive focus on costs is to blame for the latest mess, according to the GMB union.

Business

Wolfsburg clinches Bundesliga survival with playoff win

The Bundesliga outfit endured a tough 2016-17 campaign and slipped down to 16th on the final day of the regular season following a 2-1 loss to relegation rivals Hamburg. Luiz Gustavo missed a late sitter for Wolfsburg, blazing over from close range after Gomez laid it on a plate for him, but the damage had already been done.

Business

Draghi: Eurozone still needs substantial European Central Bank help

For Tuesday, European stock markets were set for a soft start, with financial spreadbetter IG Markets expecting Britain's FTSE (.FTSE) and France's CAC 40 (.FCHI) to open 0.15 percent and 0.3 percent lower, respectively, and Germany's DAX (.GDAXI) to start the day flat.

Business

Election day ahead: May and Corbyn to face Paxman, but not together

Mr Corbyn said: "There will be no deals". Pressed if he would write the letters of last resort to the submarine commanders, Mr Corbyn said: "I will write the appropriate letter to our commanders who are obviously very responsible, very loyal naval officers".

Business

Pretium Resources (PVG) Given Daily Media Impact Score of 0.04

It has underperformed by 6.99% the S&P500. Zacks Investment Research cut Pretium Resources from a "hold" rating to a "sell" rating in a research report on Friday, February 17th. (SJR) have increased 0.28% in the past three months, while the S&P 500 has dropped -1.96% in that time. It turned negative, as 13 investors sold PVG shares while 31 reduced holdings.

Business

South Africa: Jacob Zuma 'plans second home in Dubai'

The proposal came after weeks of mounting pressure on Zuma following his March 31 decision to remove Pravin Gordhan as finance minister in a cabinet purge. Divisions in the party have widened since the ANC suffered its worst-ever electoral result when it lost control of Johannesburg , the economic hub, Pretoria , the capital, in a municipal vote in August.

Business

US Consumer Spending, Incomes Grew Solidly In April

April's increase was the biggest since December and could ease concerns about second-quarter economic growth after weak reports on core capital goods orders, the goods trade deficit and inventory investment in April. "Fed Chair (Janet) Yellen has in the past used the labor market differential as a check on the unemployment rate, and the reading for May should provide confirmation to Yellen and her colleagues that the economy has reached the Fed's assessment of full employment", said John ...

Business

RPC Group (LON:RPC) New Price Targets

It has underperformed by 115.25% the S&P500. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). It dived, as 46 investors sold Aviva plc shares while 14 reduced holdings. 48 funds opened positions while 135 raised stakes. 415.18 million shares or 1.44% more from 409.30 million shares in 2016Q3 were reported.

Business

Empire Capital Management Decreased Microsoft (MSFT) Position By $956102; WESTSHORE TERMINALS

Therefore 60% are positive. EverBank Financial had 17 analyst reports since October 29, 2015 according to SRatingsIntel. As per Thursday, September 22, the company rating was upgraded by TD Securities. Other large investors also recently added to or reduced their stakes in the company. Whole Foods Market (NASDAQ:WFM) was reduced too. Since January 30, 2017, it had 0 buys, and 14 insider sales for $2.55 billion activity.

Business

Urinating dog statue briefly placed near 'Fearless Girl' art

Gardega insists he's "pro-feminism" and has nothing against the sculpture. "This is corporate nonsense", Gardega said of " Fearless Girl ". Though both statues are essentially an ode to capitalism, they can't seem to work it out. On why he chose to make the statue, he said, "I made a decision to build this dog and make it crappy to downgrade the statue, exactly how the girl is a downgrade on the bull".

Business

StatPro Group (LON:SOG) Recent Analyst Updates

This rating was revealed to clients and investors in a report on 25 May. The firm has "Buy" rating given on Thursday, March 23 by Numis Securities. The stock of Portmeirion Group PLC (LON:PMP) earned "Buy" rating by Cantor Fitzgerald on Thursday, August 4.

Business

May and Corbyn share opposing stances over 'no deal' Brexit scenario

Prime Minister Theresa May appears on a joint Channel 4 and Sky News general election programme recorded at Sky studios last night. Britain's manufacturers told Prime Minister Theresa May on Monday (27 March) to drop her threat that she might take the country out of the European Union without a new trade deal, saying they would bear the brunt of trade barriers with the EU.

Business

Bank of Nova Scotia posts 2Q profit

Several other institutional investors also recently modified their holdings of the company. Combined, the five banks had $9.67 billion of profits during the quarter, up almost 20 per cent from $8.12 billion a year ago. Bank of Nova Scotia has a one year low of $62.36 and a one year high of $82.30. If you are viewing this story on another domain, it was stolen and reposted in violation of USA & worldwide copyright and trademark law.

Business

Lululemon Athletica inc. (LULU) Upgraded to Buy at Vetr Inc

The company was maintained on Friday, August 26 by UBS. The firm has "Market Perform" rating given on Thursday, October 22 by Wells Fargo. The firm has "Outperform" rating by Robert W. The counter witnessed a trading volume of 0.64 million shares versus an average volume of 0.72 million shares during last trading session. (NASDAQ:LULU).

Business

India Will Grow At 7.2% In Fiscal 2018

Image: Shutterstock (For illustrative purposes only)India's gross domestic product (GDP) is expected to grow 7.2 percent in 2017-18, World Bank indicated in its bi-annual economic India Development Update that was released on Monday. Low female LFPRs impose constraints on a country's growth, the empowerment of its women, and the outcomes for its children, the report said. Even among countries with similar income levels, India is at the bottom at 120th among 131 countries, the report said.

Business

Manchester terrorist Salman Abedi spotted with 'suitcase' in hours before arena attack

The statement stresses the suitcase depicted in the image is different than the one used in the attack. Mr Jackson tried to reassure nervous residents of Manchester that the bag does not pose a risk to public safety, but said that if any members of the public find it, they should not approach it but call police immediately.

Business

Philippines urges Islamist militants to surrender

The government has declared martial law in the southern Philippines, and security forces have locked down Marawi to prevent the fighting from spilling over into neighboring areas. Misuari - a crisis that dragged on for nearly three weeks and leading to more than a hundred killed. Alonto said civilians stuck in Marawi wanted air strikes to stop.

Business

Power problem leaves Long Island Rail Road trains stranded

The rescue engine was being used to pull the disabled LIRR trains to Penn Station. Some trains were being diverted to Hunterspoint Avenue or Atlantic Terminal before 8 a.m. The problem this time has to do a third rail power malfunction on tracks under the East River. Amtrak said last week that three tracks at a time will be closed as part of extensive fix work that's expected to inconvenience thousands of rail commuters this summer.

Business

(KGC) Given a $4.00 Price Target by Jefferies Group LLC Analysts

Methanex Corporation (NASDAQ:MEOH) trades at $42.75 having a market capitalization of $3.79 billion. Kinross Gold Co . has a one year low of $3.87 and a one year high of $7.56. now owns 65,593 shares of the mining company's stock worth $276,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 60.70% of the company's stock.

Business

IIT student thrashed for participating in 'Beef Fest' In Chennai

A group of students at IIT-Madras (Indian Institute of Technology) chose to protest against the center's ban on sale of cattle for slaughter and towards this, they organized a beef fest. "Sooraj was a participant in the beef fest, not an organiser", said an IIT student. The attackers, believed to be Akhil Bharatiya Vidyarthi Parishad members, had allegedly issued death threats to all beef eaters on the campus, reported the Indian Express .

Business

President Trump condemns US Manchester attack leaks | Calls leaks "deeply troubling"

Thank you for signing up. . The White House in March confirmed that Kushner and Kislyak met at Trump Tower in December for what one official called a brief courtesy meeting. "The whole discussion on the topic of climate was very hard, not to say very unsatisfactory", Merkel said as the summit of the leaders of the world's most economically advanced nations was drawing to a close .

Business

Sears Holdings Corporation (SHLD) Trend of Beating EPS and Revenue Estimates

The shares were bought at an average cost of $9.00 per share, with a total value of $1,350,000.00. In other news, Director Fairholme Capital Management L bought 150,000 shares of the business's stock in a transaction dated Tuesday, March 21st.

Business

Traveling Vietnam Wall comes to Bisbee for Memorial Day

Every time I hear or see that, I cringe. For decades, Memorial Day has been "a solemn day of mourning (and) a sacred day of remembrance to honor those who paid the ultimate price for our freedoms", as the nonprofit usmemorialday.org aptly states.

Business

Akzo Nobel wins court case against dissident shareholders

However, he noted the management faced dissent from a large group of shareholders which wanted it to engage in talks with PPG. The petition was led by Elliott Advisors, the hedge fund that holds a 3 per cent stake, and was backed by investors owning 18...

Business

(XOM) Position Raised by Boltwood Capital Management

Glg Llc increased its stake in Exxon Mobil Corp (XOM) by 54.18% based on its latest 2016Q4 regulatory filing with the SEC. Empirical Finance LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $172,000.

Business

Itau Unibanco Hdg Sa (ITUB) Shareholder Inca Investments LLC Has Boosted Stake

Following the completion of the sale, the executive vice president now directly owns 216,507 shares in the company, valued at approximately $14,962,798.77. MSFT's profit will be $5.43B for 24.99 P/E if the $0.70 EPS becomes a reality. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

Business

Rajini's jeep from 'Kaala' may be preserved in museum

Whoever knows the whereabouts of the used auto for this shoot, please let us know. The Thar used by Rajnikant was searched for by none other than Anand Mahindra to acquire the unit and put it on display at Mahindra's auto museum. "Let us know whom to contact, will share our contact details.@dhanushkraja @vinod_wunderbar". The recently released poster of superstar Rajinikanth's upcoming movie - " Kaala Karikaalan" - has been creating a huge buzz on social media.


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